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W I N T E R  2 0 2 4

Private employer premium rate reduction

At the recent January 2024 Board of Directors meeting, the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors received a proposal for an overall statewide rate reduction of 7% for Ohio private employers.  If approved during the February meeting, this reduction will become effective July 1, 2024.

The reduction is expected to decrease paid premiums by nearly $67 million in the upcoming fiscal year and follows a 3.9% reduction for public employers (counties, cities, schools, and others) that went into effect January 1, 2024...

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Client Update | Cost Containment 

Disability condition relief (formerly known as handicap reimbursement) estimated premium refunds, savings and increase in group retro refunds range of: $14,611,297 to $16,269,459

Settlements estimated premium savings and increase in group retro refunds: $13,622,888

Motor Vehicle Accidents (MVA) estimated claim costs charged to surplus fund: $12,620,352
(may not equate to dollar-to-dollar savings - based on total costs at time of MVA surplus approval)

Also in this issue

Workers' compensation

Private employer rates  >
BWC important dates >
IC continuance requests  >
Claims fraud >
Handicap name change >


Hazard communication >

Unemployment compensation

Change in determination
process >

Managed care

Concussion rule and impact on head injuries >


Dayton Public Schools >


Workers’ comp  >
Unemployment >
Safety >

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